## Cylch Meithrin Maenclochog Financial Report 2023/2024 

## Introduction 

Cylch Meithrin Maenclochog was established in 1972 and is based in the village of Maenclochog, in the Community Village Hall.  The Cylch is a voluntary organisation specialising in Welsh-medium early years care and education. Welsh is the main language used in the setting however, all children are welcome whether or not they speak Welsh. 

The aim of the Cylch is to give children the opportunity to attend a safe, secure and fun early years setting, incorporating the Foundation Phase Curriculum in Wales.  The staff understand the importance of learning through play, encouraging each child’s physical, emotional, linguistic and social development whilst most importantly ensuring the happiness off the children. 

## Staff and Committee 

The day to day running of the setting is by two permanent members of staff who have undertaken DBS checks and attend frequent training. A bank of staff has been created to step in and support the permanent staff on occasions they are absent.  This is still currently being funded by a grant received. The Cylch is managed by a committee of volunteers, three of whom are trustees. 

## Financial Year 

The finances ended the year 2022/2023 in deficit however there has been an improvement from last year.  The deficit has been put down to less grants available, more fundraising needed and the decline in numbers of children attending.  We still need to maintain the reserves to support the Cylch during harder times. 

The number of children has recently declined however, there are a number of children waiting to start this term. Unfortunately, the children receiving funding does not fully cover the cost of a session, meaning the need for fundraising remains our priority to cover the day to day costs of running the Cylch. 

During 23/24 we received a number of grants which are to be used for staff training and resources to improve the learning experience for the children. 

We continue to check and review the finances each term and will keep on trying to maintain a healthy reserve. 

2023/2024 Figures 

**Incomings:** 



Fees: £13580.50 Funding: £8249.50 Grants: £4830.00 Fundraising: £113.00 Misc: £228.70 TOTAL: £27001.70 

## **Outgoings:** 

Wages: £27391.53 Rent: £2060.00 Materials & Resources: £8150.99 Misc: £473.52 

TOTAL: -£11074.34 (this amount includes transfer from savings) 



**ATODIAD 15** 

## **FFURFLEN INCWM A GWARIANT /** _**INCOME AND EXPENDITURE SHEET**_ 

|~~sD~~|UNION / EXACT<br>~~sD~~|UNION / EXACT<br>~~sD~~|AMCANGYFRIF / ESTIMATE<br>~~sD~~|
|---|---|---|---|
|**INCWM /****_INCOME_**|BLWYDDYN /_YEAR_<br>01.04.2022-31.03.2023|BLWYDDYN /_YEAR_<br>01.04.2023-31.03.2024|BLWYDDYN /_YEAR_<br>01.04.2024-31.03.2025|
|Grant Mudiad Meithrin_Grant_<br>~~es~~|£2926.81<br>~~es~~|~~es~~|~~es~~|
|Grant Arian Plant 3 oed /_3yr old Education_<br>_Funding Grant_|£16352.50|£8249.50|£12000|
|Grant Cynaladwyedd /<br>_Sustainability Grant_||||
|Grant Dechrau’n Deg /_Flying Start Grant_||||
|Grantiau Eraill /_Other Grants_<br>~~a~~|£4245.00|£4830.00|£4500|
|Incwm Hyfforddi ac Incwm Cynllun Cyfeirio<br>/_Training In- come & Referral Scheme Income_|~~es~~|||
|Ffioedd Plant /_Children’s Fees_<br>~~es~~|£11815.00<br>~~es~~<br>~~es~~|£13580.50<br>~~es~~|£14000<br>~~es~~|
|Codi Arian /_Fundraising_<br>~~re~~|£1798.15<br>~~es~~<br>~~re~~<br>~~ee~~|£113.00<br>~~re~~|£1500<br>~~re~~|
|Rhoddion ag Eraill/<br>_Donations & Sundries_|£0<br>~~ee~~|£228.70|£200|
|Cyfanswm Incwm /<br>_Income Total_<br>**A**|£37137.46|£27001.70|£32200|
|**Gwariant /****_Expenditure_**|BLWYDDYN /_YEAR_<br>01.04.2022-31.03.2023|BLWYDDYN /_YEAR_<br>01.04.2023-31.03.2024|BLWYDDYN /_YEAR_<br>01.04.2024-31.03.2025|
|Cyflogau a Costau TWE/<br>_Salaries and PAYE costs_|£27466.76|£27391.53|£27000|
|Costau Rhent, Gwres ayyb /<br>_Rent & Heating Costs etc_|£3580|£2060|£3500|
|Ffioedd Cofrestru /_Registration Fees_|£155|£125|£150|
|Offer, Nwyddau ag Adnoddau /<br>_Equipment Materials & Resources_|£3992.72|£8150.99|£3000|
|Costau Bwyd a Diod /_Food & Drink Costs_|£262.72|£216.75|£250|
|Codi Arian/Marchnata /_Fund-_<br>_raising/Marketing_|£426|£37.77|£50|
|Eraill (e.e. hyfforddiant) /_Other (e.g. training)_|£348|£94|£200|
|Cyfanswm Gwariant /<br>_Expenditure Total_<br>**B**|£36231.20<br>(£36231.20 + £2000.00 =<br>£38231.20 including<br>transfer to savings)|£38076.04|£34150|
|Gweddill (diffyg) am y flwyddyn = A - B<br>_Surplus (deficit) for the year_<br>**C**|£-1093.74|£-11074.34 (includes<br>transfer from savings)|-£1950|
|Arian a’r ddechrau’r flwyddyn (dylid<br>cynnwys cyfanswm pob Cyfrif banc) /_Cash_<br>_at year start (this should include the totals of all_<br>_bank accounts_<br>**CH**|Bank  £22729.01|£21702.62||
|Arian ar ddiwedd y flwyddyn = C + CH_Cash_<br>_at Year End_<br>**D**|Bank  £21635.27 +<br>£67.35 (petty cash) =<br>£21702.62|Bank  £10628.28||



Llyfr Mawr Piws 2024 



mudiad
meithrin
ATODIAD 15
Llyfr Mawr Piws 2024

(HARITY COMMISSION
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Independent examiner's report on the
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On accounts for the year
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ai 02. 101
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I report to the trustees on my examinth'on of the accounts of the above
chanty (Ihe Trust.) for the year ended
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Slgned:
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Name:
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IER
Oct 2018

(if any):
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Ov
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